Here, there is a "default" lease under our Residential Tenancy Act that comes into effect once you accept payment for an accommodation - if you do not have a specific signed lease.

Consider the effects of foregoing your capital gains exclusion, if sell more than 3 years from now.

Many folks have a problem adjusting to effectively living on a 7.5% pay cut.

As such, it's possible I could come in $10k under budget, effectively making this deal 100% financed.

What effects do you think the bitter cold will have on an unoccupied house?

Fortunately, surgery was able to fix the problem but not all of the effects.

I think this is a very effective strategy if you can grab a property low enough.

The Biggert-Waters Flood Insurance Reform Act of 2012 goes into effect Jan, 2014.

@Dion DePaoliI stand corrected.Though I would probably designate that as a "complex" - though not offshore - structure which may not be cost-effective in this scenario ... but I could just as likely be incorrect here.

Effectively the landlord is subsidizing your living choices.